Illumina Stock Crashes On Troubling Outlook, Sales Miss

Cody PriceOct 13, 2016

(NASDAQ:ILMN) to report earnings on October, 18.

Legal & General Group Plc sold 1,720 shares in the previous quarter decreasing its exposure to Illumina, 0.9%. (NASDAQ:ILMN) in a research note issued to investors on Oct-11-16, the stock received "Reiterated" rating as Hold from $165 to $155.

As stated in an electronic report which was filled with the D.C. based-SEC on 11/10/2016, Daniel Bradbury, director of Illumina Inc and an insider, sold 600 shares of the company for roughly $110,613 U.S. Dollars which is based on an average stock price per share of $184.4. (NASDAQ:ILMN) from a buy rating to a neutral rating in a research note released on Tuesday. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company's stock.

It's National Taco Day!
Taco-bout a delicious holiday you can really sink your teeth into - it's not only Taco Tuesday, it's also National Taco Day. To check out more deals, use the hashtag #NationalTacoDay or check here on the National Taco Day website .

Shares of Illumina, Inc.

Shares of Illumina (NASDAQ:ILMN) traded down 1.60% during trading on Tuesday, reaching $136.76. Sell-side analyst recommendations point to a short term price target of $94.2 on the company shares. Current price level places the company's stock about -3.47% from the 52-week high and 24.13% away from the 52-week low.

The company has a 50 day moving average of 175.01 and a 200 day moving average of 156.56. Illumina, Inc. (NASDAQ:ILMN)'s price to sales ratio for trailing twelve month stands at 8.83, whereas its price to book ratio for most recent quarter sits at 9.92.

Lady Gaga To Debut Joanne Material During Three-Date Dive Bar Tour
More details on the locations and times of the performances will be announced on Bud Light's social channels in the coming weeks. The record will feature the stomping lead single Wherever I Go and their follow-up track Kids.

Keep in mind that this is an unaudited estimate, which is based on management's preliminary financial analysis. The company had revenue of $571.80 million for the quarter, compared to analysts expectations of $580.44 million. Illumina had a return on equity of 23.69% and a net margin of 18.73%. The firm's revenue was up 11.3% on a year-over-year basis. They expect $0.91 EPS, up 13.75% or $0.11 from last year's $0.8 per share. CL King initiated coverage on shares of Illumina in a research note on Tuesday, June 21st. Following the completion of the sale, the director now owns 7,224 shares of the company's stock, valued at $1,230,030.48.

The 25% decline was shown at Tuesday's closing price of 138.39 from an opening price of 135.10 incurring a $6 billion dent in the company's market value. (NASDAQ:ILMN) shares. FLATLEY JAY T sold 20,000 shares worth $3.46M. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock. Illumina makes up approx 0.35% of Chevy Chase Trust Holdings's portfolio.Washington Trust Bank reduced its stake in ILMN by selling 4 shares or 17.39% in the most recent quarter. Illumina Inc has been the topic of 40 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Looking forward, analysts on average predict that earnings for the current quarter would come in between $0.86 and $0.96. Physicians Financial Services Inc. now owns 733 shares of the life sciences company's stock worth $103,000 after buying an additional 700 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in Illumina during the second quarter valued at $112,000. Glenmede Trust Co. NA now owns 3,660 shares of the life sciences company's stock worth $593,000 after buying an additional 760 shares during the period. Capital World Investors increased its position in shares of Illumina by 218.0% in the second quarter.

White House snafu: Obama transcript puts Jerusalem in Israel
Obama briefly greeted the Palestinian leader with a kiss on each cheek before walking down the line to stand next to Netanyahu. Palestinian President Mahmoud Abbas shook hands with Israeli Prime Minister Benjamin Netanyahu and his wife.

Related Articles:

« Previous article
Next article »

Popular Pages

Chelsea urged to complete £60m signing of Leonardo Bonucci
It's especially easy to criticize this sort of move after Chelsea splashed 30 million pounds to sign David Luiz on Deadline Day. Conte managed Bonucci for three years at Juventus and also worked closely with him while he was in charge of Italy.

Status of Jets CB Revis remains uncertain
Wide receiver Jalin Marshall returned to practice in a limited role Thursday after missing last week with a labrum injury. Tight end Braedon Bowman and quarterback Bryce Petty also did not practice on Wednesday and their status is now unknown.

Turkish media: blast reported near Istanbul police station
Turkish media released pictures of ambulances driving towards the explosion site and military personnel spreading out in the area. Witnesses also said one vehicle was seriously damaged, raising the prospect that it was a auto bomb attack, CNN-Turk said.

Klopp insists that any goalkeeping decision against Hull won't last forever
The one blot on their copybook remains the surrender to Burnley on the second weekend of the new Premier League campaign. I think we all can improve - the team, the coaches, the manager and the crowd.

Giuliani says Trump is better for US 'than a woman'
Trump knows the tax code far better than anyone who has ever run for President and he is the only one that knows how to fix it". If true, the report is proof of the tycoon's "absolute genius", said former NY mayor Rudy Giuliani , a key Trump surrogate.

Red Sox will retire David Ortiz' No. 34 next year
He already had that relationship with the Latin players, but I think it really extended to guys from everywhere. The flag of the Dominican Republic was dropped over the Green Monster and the country's anthem played.

Snapchat Preparing for IPO for March, Valuing Company at $25 Billion
The company also said that it would released a new product, sunglasses that are equipped with wireless video camera. Snap Inc CEO Evan Spiegel said at a May 2015 tech conference: 'We need to IPO, we have a plan to do that.

Sprint Giving 1 Million Students Free Devices, Wireless Service
Sprint is granting access to their network for up to four years for free, which is the typical duration of high school. Sprint has implemented other technology initiatives for low-income students in the past.

Paul Ryan Has Officially Given Up Defending Trump
Sarah Swanson, an IN native who lives IN Anderson, S.C., said she was thrilled when Trump chose Pence as his running mate. That's according to a person on the call who demanded anonymity to describe the private conversation.

Obama's Immigration Reform May Live Again Under Hillary Clinton
While the court has chozen three dozen cases for this term, more attention is on who's on the bench rather than facing it. Wade and abortion rights are at stake in various cases and political contests.